Even If a Cause of Action Is Not Barred or Extinguished

question 50

True/False

Even if a cause of action is not barred or extinguished by a statutory limitation period,a plaintiff who waited many years before attempting to sue may be prevented from doing so by the equitable doctrine of laches,if the plaintiff is making an equitable claim.

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Definitions:

Business Combination

A transaction or event in which an acquirer gains control over one or more businesses, typically through merger, acquisition, or consolidation.

Fair Value

The price one would receive for offloading an asset or would pay to reassign a liability during a formal transaction with participants in the market at the time of valuation.